French Hill states that the rules of SEC and CFTC are "still insufficient," and hopes that the CLARITY bill can be passed during the lame-duck session
Ai Focus
The Chairman of the House Financial Services Committee, French Hill, stated that the current rules established by SEC and CFTC are not sufficient to replace the permanent reforms brought about by the CLARITY Act, and he hopes that Congress will be able to pass this act during the lame-duck session before the start of the new Congress in 2027. Senator Cynthia Lummis mentioned that Democrats had previously demanded that exchanges prove their ability to access and transfer customers' private keys, a provision that was included in the Senate version of the bill, yet they still voted against it afterward.
The chairman of the House Financial Services Committee, French Hill, stated that the rules enacted by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are "still insufficient" and cannot replace the permanent reforms that the CLARITY Act will bring about; he hopes that Congress can pass this act during the lame-duck session before the start of the new Congress in 2027.
"I still hold hope," he said in an interview with Fox Business, adding that the bill is necessary to ensure that "the United States remains at the forefront in the field of digital assets."
Senator Cynthia Lummis offered a new angle of criticism towards the Democrats. She stated that the Democrats had previously demanded that exchanges prove their ability to access and transfer customers' private keys; this requirement did not appear in the House version of the bill, but it has been included in the Senate version of the CLARITY Act. However, she said that the Democrats still voted against the bill afterward.
Lummis described this voting action as a veto of the measures to truly protect consumers' funds.
Follow CoinMeta official accounts to stay updated
Views 34
CoinMeta reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
No comments yet. Be the first!
How NVIDIA Retains Employees: No Organizational Chart, Flat Structure, Two Extra Days Off per QuarterNVIDIA's Human Resources Director Febe Punsalan stated that the company has long maintained a flat organizational structure, encourages employees to speak up directly, and introduced a system of two additional days of "all-staff vacation" per quarter during the pandemic, which continues to this day. The company also offers benefits such as stock purchase discounts, parental and family support, but these are also described by some employees as resulting in high work pressure.
Fortune
·2026-10-08 13:01:397 
The Block
·2026-10-08 12:40:5817 
The Block
·2026-10-08 12:40:5715 
Bitcoin Falls Below $83,000; Reports on Iran's Strike Plans Drive Up Oil PricesBitcoin falls below $83,000, and FxPro says this may open the way for a rapid drop to $80,000. Affected by reports that the White House has asked the Pentagon to provide options for strikes against Iran, Brent crude oil rose above $102, and U.S. Treasury yields also returned to near their highest levels since 2002, putting pressure on cryptocurrencies and global stock markets.
CoinDesk
·2026-10-08 12:11:2025 
Finance and technology become the core of the 7.4 percentage point disagreementDeutsche Bank expects third-quarter earnings of S&P 500 companies to grow by 34.1% year-on-year, higher than the market consensus of 26.7%. Disagreements mainly focus on factors such as AI demand, cyclical businesses, and energy prices, among financial and large growth stocks, as well as technology stocks. Goldman Sachs points out that AI related capital expenditures are still accelerating, but the overall high growth of the index does not mean that most constituent stocks are improving simultaneously.
26 View More
